HCI completes renewal rights for UPC’s northeast personal lines book by James Thaler | January 22, 2021 The transaction, announced in December, covers around $130mn in premium for business in CT, NJ, MA, and RI, helping HCI expand beyond Florida.
Travelers expands agg cover at higher trigger level after full loss in 2020 by Jeff Kuntz | January 21, 2021 US hurricanes, storms, wildfires and civil unrest resulted in the carrier’s net cat loss burden doubling to $1.6bn.
Fry-Fascione venture Acacia substantially deployed at 1.1 after $400mn raise by Adam McNestrie and Fiona Robertson | January 21, 2021 Oaktree Capital is understood to be the institutional investor behind the "permanent capital" retro carrier.
Bayview aiming to upsize Sierra quake bond by a third to $200mn by Kit Heren | January 21, 2021 Spreads on the mortgage credit investor’s bond have also dropped nearly 10% across both tranches.
PartnerRe sidecar secures investment from PE firm Olympus Partners by Jeff Kuntz | January 21, 2021 The retro and specialty vehicle launch comes as PartnerRe expands in retro and ILS.